ESMA provides COVID-19 statement for RTS 27 and RTS 28 reporting

ESMA has published a statement recommending NCAs take into account the exceptional circumstances created by the COVID-19 outbreak.

ESMA recommends that NCAs take into account these circumstances by considering the possibility that:

execution venues unable to publish RTS 27 reports due by 31 March 2020 may only be able to publish them as soon as reasonably practicable after that date and no later than by the following reporting deadline (i.e. 30 June 2020); and

firms may only be able to publish the RTS 28 reports due by 30 April 2020 on or before 30 June 2020.

Full details of the statement can be found on the ESMA website and link below.